Category: Bookkeeping
Additionally, some lenders might have stricter requirements or offer limited flexibility regarding the linked account types. The funds tied up in the compensating balance directly impact your readily available cash flow. This can be particularly challenging for smaller businesses or…
As a result, customers might delay paying their receivables, which would decrease the company’s receivables turnover ratio. Businesses that handle their collections well (have a good account receivable turnover ratio) will enjoy more success at obtaining loans and what is…
We’ll work with you to connect accounts and pull the data we need to reconcile your books. Shortly after you sign up, we’ll give you a call to learn more about your business and bookkeeping needs. On this call, we’ll…
Vazquez & Co. is a Seattle CPA firm that has been serving small businesses for over 19 years. The business offers a free consultation, and services are outsourced bookkeeping, outsourced accounting, payroll services, and outsourced CFO and controller. One of…
They also use this to forecast the profits of the budgeted production numbers after the prices have been set. On the other hand, the gross margin metric is a profitability measure that is inclusive of all products and services offered…
This could include implementing better policies for handling late payments, or adding automation to your AR process to speed up the steps needed. Below, we cover how to calculate your AR turnover ratio and what it means for your company’s…
Like accrued liabilities and provisions, contingent liabilities are liabilities that may occur if a future event happens. And as the guarantee expenditures are made by the firm, the liability is debited and the appropriate accounts are credited. Examples of contingent…
Typically, a scammer would need more than just a bank account number to steal your money, but routing numbers are easily found. With those two pieces of information, a crook could use those numbers for online purchases or to otherwise…